Alleima receives two major orders for OCTG tubes
Alleima has received two major orders for corrosion resistant alloy OCTG tubes (Oil Country Tubular Goods) to the Oil and Gas segment, to a total value of approximately SEK 545 million.
The two orders valued at approximately SEK 335 million and SEK 210 million respectively were booked in the second quarter of 2023, and will be used for several offshore and onshore projects in the Middle East. Both orders are classified as major orders (i.e. above SEK 200 million) and will be reported in the Tube division. Deliveries are scheduled from the first half of 2024 and throughout the year.
“We are honored to have been awarded these two orders for OCTG tubes, as it shows the strength of our high-quality offering. Our prospect list remains solid for our entire product range, both for offshore and onshore projects, and we are well positioned to benefit from further investments in both oil and gas and renewable energy”, says Nigel Haworth, Acting President of Tube division.
The orders are the results of the strategic partnership between Alleima and Tenaris, through which the pipes are produced by Alleima, using Corrosion Resistant Alloy materials (CRA) and then finished and threaded by Tenaris. The partnership has been in place since 2003 and adds value to the oil and gas industry through joint research, product development, and the manufacturing of specialized tubular solutions for demanding applications.
Sandviken, June 16, 2023
Alleima AB (publ)
Contact details
Emelie Alm, Head of Investor Relations
emelie.alm@alleima.com
Phone: +46 (0) 79 060 87 17
Yvonne Edenholm, Press and Media Relations Manager
yvonne.edenholm@alleima.com
Phone: +46 (0) 72 145 23 42
About Alleima
Alleima AB, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 18.4 billion in 2022, has approximately 5,900 employees and customers in approximately 90 countries.Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com